₹32,000.00
CM1: Actuarial Mathematics – Regular Course.
Faculty: Praveen Patwari & Shivangee Agarwal along with other faculties
Course Duration: 250+ hours
CM1 – Actuarial Mathematics is one of the Core Principles subjects in the actuarial qualification pathway offered by the Institute and Faculty of Actuaries (IFoA), UK, and the Institute of Actuaries of India (IAI).
The subject introduces mathematical techniques used to value financial cash flows, insurance contracts, annuities, loans, bonds and other financial products. It combines financial mathematics, survival models, life contingencies, pricing and reserving techniques, forming an essential foundation for actuarial studies.
CM1 develops the analytical, mathematical and modelling skills required to understand financial obligations, assess insurance liabilities and evaluate long-term financial risks.
CM1 combines theoretical financial mathematics with practical actuarial modelling using Microsoft Excel.
Key Topics Covered:
The CM1 syllabus focuses on mathematical modelling, financial valuation, actuarial calculations and practical problem-solving, developing essential skills in insurance and financial risk management.
The CM1 syllabus comprises four principal areas, with the following indicative weightages under the IFoA curriculum:
| Topic | Weightage |
| Theory of Interest Rates | 25% |
| Equation of Value and Its Applications | 20% |
| Decrement and Multiple-Life Models | 20% |
| Pricing and Reserving | 35% |
| Total | 100% |
These weightages indicate the approximate syllabus coverage. Actual question distribution may vary between examination sittings.
CM1 consists of two compulsory components: CM1A (Theory) and CM1B (Practical).
Both papers must be attempted during the same examination sitting.
| Particulars | IAI (India) | IFoA (UK) |
| Paper A – Theory | Objective + Descriptive | Descriptive |
| Paper A Duration | 3 Hours 15 Minutes | 3 Hours 20 Minutes |
| Paper A Weightage | 70% | 70% |
| Paper B – Practical | Excel-Based | Excel-Based |
| Paper B Duration | 1 Hour 45 Minutes | 1 Hour 50 Minutes |
| Paper B Weightage | 30% | 30% |
| Examination Mode | Centre-Based Online | In-Person at Exam Centres or Remotely Invigilated Online |
The passing requirements differ between IAI and IFoA.
| Institute | Passing Requirements |
| IAI (India) | Minimum 30% in each paper and 50% aggregate |
| IFoA (UK) | Combined weighted marks must meet the pass mark determined for the examination sitting |
Important Information:
CM1 is a Core Principles examination suitable for students beginning their actuarial qualification journey.
Studying CM1 develops the ability to:
The knowledge gained in CM1 is applicable across several actuarial and financial disciplines:
CM1 establishes essential mathematical and actuarial knowledge that supports advanced actuarial subjects and professional applications in insurance, pensions, investments and financial services.
To access online classes, recorded lectures and digital study resources, students must ensure their devices meet the following minimum technical requirements of the Actuators Educational Institute (AEI) Learning Application.
| Device / Platform | Minimum Requirement |
| Android | Android 9.0 or above |
| Windows PC / Laptop | Windows 10 or above |
| iPhone / iPad (iOS) | iOS 12.0 or above |
| MacBook / iMac (macOS) | Apple M1 chip or above with macOS 14 or later |
| Anjali Patwa | AIR 1 |
| Arvita Shukla | AIR 1 |
| Kunal Tibrewal | AIR 1 |
| Kush Gupta | AIR 1 |
| Meghna Agarwal | AIR 1 |
| Mokshit Kothari | AIR 1 |
| Pravesh Thakur | AIR 1 |
| Vrinda Agarwal | AIR 1 |
| Girdhari Lal | 95 |
| Aditi Bhavsar | 93 |
| Kanishk Agarwal | 93 |
| Sparsh Modi | 93 |
| Vandita Sarda | 93 |
Praveen Patwari is a Chartered Accountant (CA), Financial Risk Manager (FRM) and Associate of the Institute of Actuaries of India (AIAI), with additional professional credentials including CIRA, CCRA, CIDT, CIIB and NISM Series VIII (Equity Derivatives). With over 15 years of experience in finance, actuarial education, mentoring and professional training, he has built a strong reputation for simplifying complex concepts and guiding students across multiple professional pathways.
As the Founder and Lead Mentor at Actuators Educational Institute (AEI), Praveen has taught and mentored 50,000+ students across Actuarial Science, FRM, CFA, finance and related professional programmes. He has mentored numerous rankers and top-performing students and is a regular speaker at leading institutions including SRCC, Miranda House, Hansraj College, Lady Shri Ram College, St. Xavier’s College, NMIMS, Ramjas College, NM College and HR College of Commerce.
Shivangee Agarwal is a globally qualified actuary holding the prestigious credentials of FIA (UK), FIAI (India) and FSA (USA), along with the C.Act designation, giving her professional recognition across three of the world’s leading actuarial bodies. She is also IFRI Certified, holds a Master’s in Data and Business Analytics from IIM Indore, and completed her B.Com (Hons. in Finance) from St. Xavier’s College, Kolkata. She secured All India Rank 1 in CT7 – Business Economics, reflecting her strong academic foundation in actuarial science, finance and analytics.
With over 10 years of teaching experience, she has taught and mentored 5,000+ students across Actuarial Science, Data Analytics and Finance. At Actuators Educational Institute, she teaches the Paper B components of CM subjects, along with CS2, CB2, CP2, CP3 and FRM, and also conducts training in Excel, VBA, SQL and R Programming. She has delivered workshops and academic sessions at institutions including SRCC, Lady Shri Ram College, St. Xavier’s College, Mithibai College, IIM Indore and IBS Hyderabad, combining deep technical expertise with a practical, structured and exam-focused teaching approach.
